Casinos are happy to promise rapid processing times for your deposits, with bonus funds credited instantly to your account. Of course, you cannot find such promises for the average withdrawal time frame. There is inevitably a waiting time, but thankfully you can find ways to minimise the wait.
Withdrawal Reputations – Best and Worst
A casino’s dedication to customer service will often support the timely payment of winnings. And by timely payment, what we mean to say is that the casino will honour the withdrawal time quoted. All too often, casinos will let two to three working days pass and players will be without their winnings.
Best Reputation: William Hill
By operating legally in the British Isles, William Hill is required to maintain a UK Gambling commission license. Therefore, players are assured of a competitive cash out time when they need a pay out. William Hill makes good on its withdrawal times to ensure that its impressive reputation is maintained.
Worst Reputation: Royal Vegas Casino
A few brief searches on Google will reveal a litany of complaints for Royal Vegas Casino. A prevailing theme among the comments is that players have had no trouble depositing funds. However, almost everyone with a win over $100 had to present proof of identification that was subsequently ignored, while some had their accounts forcefully closed.
Top Advertised Withdrawal Times
For added perspective, here are some of the best withdrawal times you will encounter at online casinos.
The 888 Casino withdrawal time is typically three business days to process, but it will be up to three extra business days for credit card withdrawals. Neteller and alternative payment methods might be just two. [Read full review]
Stick with Neteller or Skrill for one to two days processing. Credit card, wire, and bank transfer can take five days or longer. [Read full review]
Hallelujah is what you will say in a moment. Guts.com promises instant processing times for users with Neteller, Skrill, and WebMoney accounts. VISA and bank transfer, however, take one to three days. [Read full review]
Verify your identity in advance to cut down on the one to two day verification time that will occur when your first request a withdrawal. [Read full review]
A competitive two-day processing time comes before what is usually a two-day transfer period. [Read full review]
Across the board, a standard three-day processing time is to be expected when withdrawing winnings from mFortune. [Read full review]
Two to three days is the typical processing time for VISA and PayPal. Everything else will extend it to three to five days. [Read full review]
Why it Takes Time to Process Payments
There are different reasons why casinos can take time to process your payments, so it’s definitely worth understanding why they might be making you wait. Having reasons might even make the wait a little more bearable.
The payment method plays a common role, with credit cards tending to take longer compared to e-wallets. This being said, there can also be variance among e-wallets, with some having different timeframes.
At this point, you might also encounter longer waiting times if you elect to withdraw higher winnings. Casinos are paranoid about money laundering and will scrutinise large sums of winnings more closely.
Country of Residence
Some players are protected by different iGaming legislation, such as UK residents. Meanwhile, there are some remote gaming licences will call for more stringent identity verification steps, so it might take longer depending on where in the world a player lives.
Tips for Trimming Waiting Times
Fast cash out casinos can make life much easier for getting your hands on your winnings, but you don’t have to rely on the site alone. This is because you can take your own steps to ensure that you have quicker payouts:
- Use an active e-wallet: The beauty of e-wallets is that the most popular ones allow for rapid withdrawal times. The online nature of e-wallets is better suited for quick transactions than standard banking.
- Check the payment methods to find quicker withdraw times: Look at the payment list to see which have the longest times. For example, VISA could take five business days whereas Neteller might only be one.
- Withdraw smaller amounts: As explained above, higher payouts can take longer to process. Read the terms to find out the processing thresholds and then withdraw in smaller amounts for shorter timeframes.
- Withdraw earlier in the day: The world has internet banking, but that doesn’t encourage all banks to adopt the 24/7 philosophy. Withdraw as early as possible in the day to ensure your payment is processed during office hours.
Having instant withdrawal casinos would be the dream for all players, but sadly this is not common practice. As a result, you should check back with this guide when you need reminding of the fast payout casinos and how you can speed up the process as well.